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they're making progress. democratic senate leader harry reid and republican senate leader mitch mcconnell on the senate floor moments ago. look. >> today the speaker republican leader held a press conference to announce they're in talks with the president and that a bargain to raise the debt ceiling is in the works and is close. in president, members of the senate, that's not true. i just spent two hours with the president, vice president, and leader pelosi, and it's fair for me to say that the engagement there is not in any meaningful way. the speaker, republican leader should know that merely saying we have agreement in front of a few television cameras doesn't make it so. >> the fact of the matter is that the only way we're going to get an agreement before tuesday is to have an agreement with the president of the united states. and the only person in america of the 307 million of us who can sign something into law. and i'm more optimistic than my friend, the majority leader. we've both talked to the president today. talked to the vice president several times. i think we've got a chance
henninger, james freeman and kim strassel. kim, a lot of conservatives are saying that mitch mcconnell is selling out their principles and what's he really up to? >> well, what mitch mcconnell is actually up to is saying, look, we took a big bet on this debt ceiling thing opening to use the mefrj to make the president agree to spending cuts. what house republicans want. it's not working. everything he wants meager spending reform, wants higher taxes or he's saying he seems to be willing to go all the the way to shut down default. lets he' step back and let him take control of this and consequences of the action of not dealing with real spending reform. >> paul: dan, sellout. is this giving up too easily as a lot of right wing,are saying? >> no, i don't think so, paul. i think they overestimated their ability to leverage the president into big spending cuts. somehow, it seems to me, behind all this have is a misunderstanding about the power of the presidency, it is vast and getting into a big fight over big spending cuts and let's make it clear here, we're talking about reforming entitl
, one top republican, the senator minority leader mitch mcconnell declared and i'm quoting, he's confident and optimistic. moments ago harry reid seemed to throw some cold water on the new found optimism. rets go to capitol hill. our congressal correspondent kate bolduan is following this. what do we know? >> reporter: it's changing minute by minute. we did see what could be a significant step in the negotiations just a short time ago when the top republican in the senate, he said, who is a key negotiator in whatever the end game s-he said that those stalled debt talks that were happening that have been stalled all this past week he acknowledged they are talking once again. list engineer here. actually, i don't think we have the sound. that was mitch mcconnell who said he had spoken with the president as well as the vice president and that he says they are fully engaged in serious negotiations. that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was return
deal, leader of the senate republicans, mitch mcconnell. the democrats' chief message maker chuck schumer and the president's lead economic adviser, gene sperling. then moody's chief economist mark standi to tell us whether a deal would save the u.s. credit rating. i'm gloria borger in for candy crowley. and this is "state of the union." we're just an hour away from a vote in the senate on a democratic plan to raise the debt limit, but the real action is between the president and the republican senate leader mitch mcconnell. i spoke with him earlier, and he was optimistic about getting a deal. let me get right to it. can you announce this morning that a plan has been reached, there's a deal? >> we're very close. we had a very good day yesterday, both the president and the vice president called me, and the president talked to the speaker, as well. and they understand that with a republican majority in the house and a very row bous republican minority in the senate we have to come together. i think we've made dramatic progress in that direction since april, for example, when the adm
the republicans off the hook so they do not have to do a thing with raising the debt limit. >> mitch mcconnell -- "i refuse to help barack obama get reelected by marching republicans into a position where we have co ownership of a bad ecomy." >> i think mitch mcconnell deserves credit for candor. and in a murky washington were petty squabbling passes for serious rhetoric, he has been very blunt. what he is saying is to his own party, "if we let this happen, we say now that barack obama owns the economy politically, its president going into a reelection campaign, and our fingerprints are all over this disaster of the united states going into chapter 11, then we will on the economy with him. we will be co-owners. so, forget about it, folks." i think it was a very candid and grown-up piece of advice. >> let' look at how we got here. republicans were the ones who got with raising the debt ceiling to deep cuts. they were the ones who created the fiction and sold it to their supporters that somehow the two were tied together raising the debt ceiling with increased spending. in fact, there were no ne
a better player from mitch mcconnell. >> here read and mitch mcconnell are working on an approach to avoid this terrible deadline of august 2 and a default that would drive up interest rates and hurt our economy. >> there are plenty of critics. >> house conservative members are not going to support the mitch mcconnell plan. i will not support it. >> it is a great political plan that takes the pressure off of politicians and allows us to pass the debt limit without making the hard choices this country has to make. >> tom coburn is about to introduce the most ambitious plan yet. burdening some $9 trillion in cuts and $1 trillion in tax reform revenue. a tea party republican will get to vote on a balanced budget amendment. it could clear the path to a compromise. in washington, i am brien more. wbal tv news. >> eliza coverings and other democrats believe the big part of the battle is that republicans do not want the president to succeed. >> it pains me to even say that. i think we all, when it comes to the health and welfare of the country, we will need to put politics aside. it is not about
subteruge and drama ahead of a mitch mcconnell deal and he raises it and they balk about it . they can't raise it because the numbers are not there. >> my sense is, you need plenty of postering between now and tuesday . they realize let's not mess with the united states economy and raise interest rates on anybody. you know the economic better than i do. they don't want to be the guy whed first. there is probably private discussions going on and we heard other members talking about what is acceptable in terms was a compromise and they were not going to give reid everything he has. >> senate has 30 hour rules and just to start on that brings a deadline . so can they logistically get something past one way or the other with their own rules in place? >> i think senator harry reid is saying i will support the boehner plan and reid plan and it is time to move the country forward. >> any deal . i think he realizes eight or nine problems, i can get it done and then get mcconnell on board and the senate is coming together and now the house should come together. >> it is we're. i am trying to ge
week of contentious negotiations that went nowhere. many are betting on a plan by mitch mcconnell. >> majority leader harry reid and mitch mcconnell are working on an approach which would avoid this terrible deadline of august 2nd and a default which drive up interest rates and really hurt our economy. >> there are plenty of critics. >> has conservative members will not support the macondo plan and neither will live. >> it is a great political plan that takes the pressure off of the politicians and allows us to pass a debt limit without making the hard choices this country has to make. >> oklahoma senator tom coburn is about to introduce the most ambitious plan yet targeting $9 trillion in cuts and $1 trillion in tax reform revenue. t party republicans will get a vote on a balanced budget amendment. it will not pass, but it could clear the path to a compromise. in washington, brian mooar, wbal-tv 11 news. >> more fallout from the hacking at scandal and news corp. the latest official to announce his resignation. she was acquitted for murder and is serving time for lying to authorit
and democrats agree it cannot be about debt reduction. this is about raising the debt ceiling. mitch mcconnell suggested the president should be given the authority to raise the debt ceiling. do you agree? >> i want to make sure we see the cost reduction, the spending reduction the american people expect. i do not want to see a higher debt ceiling with more borrowing unless we are able to show we have dramatically reduced federal spending and have a balanced budget amendment in place so we do not keep spending more than we take in. that is what the republicans have said to the president. it is within his power to agree with that. >> you think there is still time on this? >> this is really in the president's hands. he has the capacity to make the decision that will conform with what the voters, the american people, so clearly have indicated they want to see done, which is government spending trunk. >> i do not want to harp on this, but this is what everyone is watching. the president said this week the chance comes august 3 for social security checks to start bouncing. but you would rather see
for mitch mcconnell on taccit approval. they're going to find a way to get a bipartisan bill out of the senate probably some time on sunday that renegotiating the second part of this. that's where this is headed. it's likely to come out in the senate. the house veto it's going to be a fascinating watch. you're going to need 110, 120 democrats, but you're probably going to need 100 house republicans. i've had some folks that say you'll never see 100 house republicans if there's some watered down version of boehner oor some version of reid that's tough enough. that's the reality. that's where we're headed. there are other ways out of this. all bets are off in this respect. we're not selling the gold in fort knox. you'll see a ten day extension if necessary. that's truly on the table. but i have to say, the bigger message being sent here is both parties better watch out. i'm sorry, the idea of an independent candidacy, there's a lot of movements out there. they're going to get real looks this time. everybody's fed up that a small idealogical wing of one party can do what they've don
default, but looking ahead to 2012, senate minority leader mitch mcconnell floated a plan that gives president obama a unilateral authority to raise the debt ceiling and his spending mess. i refuse to help barometer to get reelection marching republicans into a position where we have co-ownership of a bad economy. a default is not better today than when newt begin fritch tried it in 1995 is that it's a brand and the president an opportunity to blame republicans for a bad economy dan henninger, james freeman and kim strassel. kim, a lot of conservatives are saying that mitch mcconnell is selling out their principles and what's he really up to? >> well, what mitch mcconnell is actually up to is saying, look, we took a big bet on this debt ceiling thing opening to use the mefrj to make the president agree to spending cuts. what house republicans want. it's not working. everything he wants meager spending reform, wants higher taxes or he's saying he seems to be willing to go all the the way to shut down default. lets he' step back and let him take control of this and consequences of the
's evident he's not good at being speaker of the house. when mitch mcconnell announced his plan to let democrats raise the debt ceiling, allow the country to avoid default and republicans extract nothing in exchange to that, john boehner immediately endorsed mcconnell's plan, putting out a statement saying he shares mcconnell's frustration and republicans are unified. >> frankly, i think mitch has done good work. >> john boehner may, in fact, believe mitch mcconnell has done good work, but he doesn't just have to decide whether he thinks that, whether he likes mitch's plan, he's not just the member of congress, he's the leader of the house of representatives, the leader of the republicans in the house, they are in control of the house. when a speaker is good at that job, the speaker saying i agree, the speaker saying thumbs up, the speaker giving a thumbs up to something means that that thing gets the thumbs up, means that thing will pass, just like the light bulbs bill will pass, right? john boehner is busy endorsing the mitch mcconnell debt ceiling plan, it does not seem like he spea
the politics of republican senate proposal from mitch mcconnell that would give president obama the authority to raise the debt ceiling without first guaranteeing the spending cuts the house republicans have been demanding. those republicans notably michele bachmann say it's a nonstarter. florida congresswoman deby wasserman schultz is the chair of the democratic national committee and joins us now. thanks for joining us us. first of all, what is your position, the democratic caucus position on this mitch mcconnell proposal to try to get away from the debt ceiling deadline and the connection with the spending cuts? >> well, i can see why mitch measuring mcconnell and republicans would want to try to shove this back on president obama because the american people are very frustrated. they don't want us to deal with the potential looming default for the first time in american history of our economy and our debt. they want us to sit down at the table like grown ups and work this out. so i think the republicans are realizing that most of the blame from their line in the sand politics is being heap
, republican leader mitch mcconnell is pitching a plan c, let the president raise the debt lumt on his plan placing responsibility for spending squarely on his shoulders. mcconnell's plan includes three installments through the 2012 election when republicans hope to defeat him and there would be no binding spending cuts or guaranteed tax hikes either. >> i think everybody believes there needs to be backup plan if we are unable to come to an agreement. i think mitch has done good work. >> when push comes to shove they're getting too many calls from wall street and they just want to let everybody know we're talking a tough game. we're never going to push the president of the democrats up to the wall. >> they're executing a strategic retreat. >> i think people like mcconnell they want to get rid of the president, they clearly don't want to get rid of the country. >> nbc's luke russert is on capitol hill. luke, some see the mitch mcconnell idea as republican surrender. what's the reaction on the hill to that? >> it's quite unpopular within the rank and file of the house representatives. the ric
and mitch mcconnell on that point. you know what ip to do, i want to go back to the senate floor and listen on what's going on right now, because i think we're all going to get a little bit smarter in the process. >> mrs. feinstein. mr. franken. mrs. gillibrand. >> no. >> mr. graham. >> all right. so what they're doing is a roll call vote on this harry reid proposal to move forward. they need 60 votes in order to break a filibuster. they're not going to get the 60 votes, we're told so, the debate will continue. but they want to keep this harry reid legislation as a framework throughout there in order to -- if, in fact, there's a bigger agreement between the white house, the republicans and the democrats in the house and the senate, they will at least have this electricityive framework to move the process forward and the clock is clearly ticking before this deadline on tuesday. joe johns i think is up on capitol hill. is he standing by live right now? let's bring in joe johns. joe, walk us through this little theet they're's under way right now. i say theater respectfully. it's very signific
is that if it passes tonight, it is mitch mcconnell, the leader of of the senate, and will he work a deal with the white house over the weekend with harry reid, allow something to go through that by its nature inherently anything that gets out of the senate has to be bipartisan and send it back to the house and leave john boehner with little choice tuesday afternoon or dare we say it wednesday or thursday after the deadline and put it on the floor of the house? bottom line, martin, nobody in this town and i can state it this with some certainty knows how this is going to end. >> okay. luke russert and mike viqueira, stay with us throughout the hour, and thank you very much. >>> and the debate goes on and the players will soon take center stage. stay with us. ♪ this is the day your life will surely change ♪ comes in a clear pack... [ cellphone beeps ] [ jeff ] ooh. thanks hun! [ female announcer ] ...so the freshness you see is what you taste. ♪ it doesn't get better than this ♪ [ female announcer ] ...so the freshness you see is what you taste. ♪ [ cat meows ] ♪ [ whistles ]
at this juncture is to get some agreement and may very well be a compromise along the lines of what mitch mcconnell proposed and tinkered to include 1.5 trillion in spending cuts alone. >> does that deal have a chance? what harry reid and mitch mcconnell are working on right now? how's that received? >> it's being received skeptically and the details are still to be determined. it will face a tough, tough road ahead in the house. i think house republicans are generally willing to sign on to spending cuts but democrats really don't get much out of the deal and signing off on $1.5 trillion in cuts. they get no revenue in the pang package as it's construed but a promise of a debt commission on top of this to consider how else to find savings. obama doesn't get the package that he wants moreover and gets the debt ceiling raised and what's happened is leadership going back to the caucuses on friday. there's no meeting at the white house. they'll determine where the political support lies. the president given them 24 to 36 hours to come up with a path forward and then to fill in the blanks. >> sam stein,
is in washington bureau chief for "usa today." actions speak louder than words. watching mitch mcconnell do legislative gymnastics to come out with an escape patch is annage knowledgement that politically they were losing. and mitch mcconnell was throwing himself in front of a bullet for speaker boehner. is this political win for the president it seems short-term. can he somehow, does he build on it in any way or is the air out of the balloon because he couldn't get washington to bring this together, he couldn't bring this together. some are arguing where was he the last six months rather than the last six weeks? >> right. he does need to have a deal happen. if for some reason this doesn't come together in some fashion in time, his political career is staked on this economy doing a little bit better. the white house has been warning us right and left if the debt ceiling gets close and not raised in time that that fragile recovery is going to have the pins kicked out from beneath it. so he needs -- i think one reason he's no longer saying he wants a clean debt ceiling we know from our pollin
. >> this is almost an album body experience. >> all eyes on top senate republican mitch mcconnell. democrats say ollie he can fast- track debate and make a deal. >> we all know the senate is the only way out of this mess. house speaker jon baker complained he had a bipartisan deal with president obama that included tax hikes. >> i stuck my neck out a mile and put revenues on the table. in order to try to come to an agreement to avert us being where we are, but a lot of people in this town can never say yes. >> he veered to the right, including a balanced budget constitutional amendment to get the votes tonight tea party members like louie gohmert. most in the senate said no new amendment. >> this is the most outrageous suggestion i have heard. >> president obama insisted the weekend compromise is possible. >> this is not a situation where the two parties are miles apart. we are in agreement out how much spending can be cut responsibly. >> less than 100 hours left. mitch mcconnell signaled he is ready to make a deal, but only if he can negotiate directly with president obama. steve handelsman, wb
is committed to bringing it to a vote later this month. the senate republican leader mitch mcconnell has committed to fighting for a vote in the senate as well. growth or balance, that is the choice before us. some doubt our ability to overcome this fiscal crisis. but the problem we face is not insurmountable. we have overcome major challenges in the past. times of trial have always produced moments of great leadership that rally the american people. now is the time for decisive leadership from this president. it is time to cast aside the fall safety of political the nile and reelection hopes and put the future of our country above all else. on july 4, 1776, our founding fathers put their honor and lives on the line to break from oppression and create a republic that the values individual rights of freedom and liberty. it is not only our duty but moral obligation to break from the oppression of debt and strengthen our country. we must all rise above the political considerations and do what is right for the future of our nation. thank you, and may god continue to bless america as we celeb
by democrat harry reid. but senate republican leader mitch mcconnell said progress was being made toward a bipartisan agreement. >> we had a good day yesterday. the president and the vice president called me. >> the compromise taking shape raises the nation's borrow when limit passed the 2012 -- 2012owing limit passed the tw elections. >> this is the first time in my lifetime that we are paying for future debt increases dollar for dollar. >> there are lots of things that are not filled in and many more discussions to go. it is hard to say anything specifically. >> a senior white house adviser says there is still a lot of work to do. >> it is incumbent on congressional leaders to compromise the last bit so that we can have a deal. democratic lawmakers were briefed on the status of negotiations with republicans. >> confused by the dead ebay? you are not alone. we have a -- debt debate? you are not alone. local leadership is speaking of. anthony brown spoke with wbal about the impact of reaching a deal would have on maryland. >> failure to increase the debt ceiling in washington would resul
is enough. >> cantor's not listening to that. >> cantor is not, but mitch mcconnell is, and john boehner is. >> do you think there's enough republicans out there that would take the mcconnell deal? >> i think being pressured by big business and wall street will be. what we will have is not an optimum situation. in many ways, it's simply kicking the can down the road. compared to the other two options of defaulting or making savage cuts on programs the working people desperately need is probably the preferable option at this moment. >> moodies placed the aaa bond rating of the government of the united states on review for possible downgrade given the rising possibility that the statutory debt limit will not be raised on a timely basis. what's your take on this? are we turning the hourglass on the american economy? >> absolutely. look, everybody knows the economy is in disastrous shape right now, if we default. if interest rates go up, if there's turmoil in the international economy. this will make a very bad situation much worse. and i think people like john boehner and mitch mcconnell and c
mitch mcconnel. >> the only way we get an agreement before tuesday is to have a agreement with the president of the united states . only person who can sign something in law . i am more optmistic than my friend, the majority leader. >> that optimism was a change in tone. we heard that from the speaker of the house john boehner and senator mcconnel speaker boehner has left the capitol for the evening and gone home. he clearly believe his work is done for now, harris. >> we have reports that the president was on the phone with top republicans in the house and senate and also just met a short while ago with senator reid and nancy pelosi out of the house. did the democrats agree on all of this? >> they have a different take on it. when leader nancy pelosi came back to the capitol she didn't say anything. when senator harry reid came back to the capitol are we closer to a deal, the answer is no . he went back on the senate floor and tried to see if he could push his debt measure forward. take a linn to this. >> put lip stick on it and nice suit and even a skirt it is still a fi
in the process. >> does that mean you don't trust the people who have been up here like mitch mcconnell and harry reid? they have been around for decades. do you trust these guys? >> i don't like to make it about any individuals. on our side, mitch mcconnell has led the fight to get all 47 on board for a balanced budget amendment. i do not place the blame there. but i don't trust the system of the way we have been appropriating money. i do not trust the lack of restraint. for about 150 years, our constitution did restrain the size and growth of government and we believe in what were called the enumerated powers. there were only specific things that could be done in washington. then we got this expansive notion of the commerce clause. that is how they're trying to justify a obama care. that's the notion that government can do anything. i jokingly say in my speeches this my shoes are made in tennessee, they can regulate my walking in kentucky. the commerce clause meant they want free trade between tennessee and kentucky. they don't want kentucky to set up barriers to trade with tennessee. that's wh
reid and senator mitch mcconnell are sitting down and working out an approach that we are going to try to tackle this week in the united states senate. there will be a debate on the balanced budget amendment but no one beliefs 67 votes for any version of that and secondly we are going to be working toward a way to escape the crisis that would come if we default on america's national debt. these are all good things, but they don't get the big job done. the president said he is committed to a big deal, 4 trillion over 10 years i am committed to it, harry reid is committed to it we need some bipartisan buy in here ai think we can do it. >> schieffer: let me ask you, senator durbin that begs the question you said you are going to spend this week debate ago balanced budget amendment that you say everyone knows has no chance of passing so why are you debating that. >> because the republicans are insisting the debate takes place before anything happens we lived in a divided congress, the house of republican is under republican control and the senate 53 democrats, a nominal majority but not th
have mitch mcconnell dropping a bombshell yesterday with his proposal which would give the president the authority to raise the debt limit. congress has a referendum on it but it would give a lot of power to the president. we have open conflict between the house speaker and the majority leader eric kanter who are adopting different rhetorical style and poses in these debates with the president and the white house. there is a real sense of stalemate and that they are back in their corner. and is not a place in the middle they can come to. to go it would be interesting to see what americans think of how congress is handling this whole situation. there has been criticism that they are running away from the table on this. what do you think the republican stances on this right now? >> that has certainly been the democrats stand on this. you have a very riskconservative republican caucus. their view is this is where they need to be in the democrats need to meet them were they are. >> both camps very strong. we will wait and see what happens. >> time now for traffic and weather
the pathway forward is now. all eyes on the united states senate which mitch mcconnell and harry reid can come up with. so far mitch mcconnell has doubled down on the plan with a balanced budget amendment. and it's going to be a big question mark as to how long mitch mcconnell will stay on that position and whether or not harry reid tables the boehner bill later today or tomorrow. there is no clear consensus on capitol hill over what they will do in order to raise the debt limit. there are ongoing negotiations between staffs, between mcconnell, reid, boehner all talking to some degree in unison. right now the gop wants to pursue the boehner plan which is a dead end in the united states senate. they're confident it's going to pass today. the rules committee meets at 12:50. john boehner said he was smiling as he left the meeting with his fellow members today, contessa. >> mike, let's go to you. we just found out from president obama's twitter page that he's even reiterating his request again for america people to call their lawmakers to demand a solution. the time for putting party first is over
minimum. in that he's referring to this emerging compromise, coming out of the senate from mitch mcconnell and harry reid, complicated but would not be associated with any automatic debt reductions. there would have to be votes, proposals, dare we say it, a commission that would be modeled on the realignment and closure commission. you come up with recommendations, you get an up or down vote in the house or senate. you can't change it at all. the same would be done with reducing government spending under this emerging or emerging proposal in the senate, but house republicans today sort of threw cold water on that, unclear whether they're simply preparing, fighting to the last, preparing their members to accept what's coming out of the senate. but 18 days away from what everyone, except a few house republicans and others, say is going to be a government default. >> luke, let's talk about the fact that the president is downplaying the ugliness that seems to be perpetrated on television, what we seem to be covering, how this debt debate goes on. the president saying the ugliness just isn't tr
moving the mitch mcconnell contingency plan and in the house, the focus is moving what consumers are rallying around the cup, cap and balance plan. >> that's the latest that includes be bait over a balanced budget amendment. who's behind this proposal and what is it calling for? guest: well this proposal has been pushed by conservatives in the house and senate by an array of conservative grass roots groups or grass types groups depending on your opinion of them. the conservative groups have pushed this cut, cap and balance bill very aggressively. there's a large coalition that have been urging lawmakers in the house and senate to sign a pledge promise together impose any increase unless this cut, cap and balance bill is passed. what it would do is cut about 111,000,000 in bending in fiscal year 2012 and impose and a cap on federal spending capping spending at 18 percent of gross domestic product by 2021 and require the passage of a balanced budget amendment before the debt ceiling is raised. if that's met it would raise it by 2.4 trillion dollars. consumers think this is their
deadline. president obama warns about social security checks while mitch mcconnell says it is impossible to make with this president and calls for a hail mary punt. a legislative magic trick that just might get used. >>> president obama shatters fund dz raising efforts or did he? we'll cut through this morning's headlines about the campaign's big haul and tell you why we're a tad underwemed. >> >> dyou got to check the sel date, it's wednesday, july 13th, 2013. i'm chuck todd, an unbelievable hump day, feels like it's forever bigger here in washington, where i begin my first read this morning. it's the beginning of the end game for negotiations on the federal debt. with pessimism building that leerds will produce a deal and avoid default mitch mcconnell proposed plan c, a contingency, what i like to call the hail mary punt. he set the stage on the senate floor with this pretty rough attack on the president. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably unattainable. >> mr.
minority leader mitch mcconnell is saying, where are the negotiations at this point? guest: the prevailing milled -- mood is pessimism. the negotiations now that the congressional leaders have gone to the white house for three straight days, the of not made a whole lot of progress. each side has retrenched. ideologically, the democrats are leery of making any cuts or changes to entitlement programs without some revenue increases, tax increases. and republicans have been consistently opposed to anything that smacks of tax increases. so you had the mcconnell plan yesterday shaking everything up a bit. it is unclear how viable an option that will be going forward. host: when they get together with the president at the white house this afternoon, what is it that will be on the table? what will they be able to work with on the congressional side and on obama's side? guest: been talking in the last couple of days about the savings from the talks by vice president biden. the majority leader represented house republicans, jon kyl for senate republicans, and that vice president. they have been talk
this looks like a plan that's tailor made to go through the senate. mitch mcconnell saying this morning, it has to get democratic votes in the senate. he believes when all is said and done, he believes this is something he can recommend to his republican members. i cover the house, been calling house sources and seeing from initial reports what do they think of it? and it's quite an interesting cross section of views. i spoke to one close to the house progressive caucus who said members would be sufficiently spooked by this. saying the president -- getting no revenue in return, no new taxes and would have cuts across the board. especially cuts that could target medicare. i spoke to sources close to tea party republicans who say they don't expect members to vote for this even though they voted for the boehner bill on friday. a g.o.p. leadershipid aide said serious issues still existed. their members have to weigh in. we're proclaiming this as the deal and the white house is drumming up support for it, and mitch mcconnell is drumming up support and there is this wave of optimism, remember
an idea of what is taking place right now. we know that senators mitch mcconnell had a lot to say. so did patrick leahy moments ago as well dick durbin. we have been hearing from all of them who have been debating this whole issue of trying to reach some compromise as the sparring continues, kate. while we wait for harry reid to speak, give us an idea of what is taking place. where are we as it pertains to these proposals? >> reporter: we're tracking a couple of things at this very moment, fredricka. one thing we're watching, we're waiting to hear from harry reid, who will be integral in reaching whatever compromise if there is a compromise, to be reached, he'll be integral in being part of those negotiations on the part of democrats here in congress. i think he's actually speaking, fredric fredricka. let's listen in for a second. >> be fairly quick. there has been a number of conversations as i walk in here about the letter i got from 43 republicans today. it is pretty interesting that the 43 republicans, a number of whom are in contact with me and others, one person who signed that lett
. steve said, these are serious, serious times. there was something with mitch mcconnell and the republican base and he got into a, let's say he made headlines with what he said on a radio show yesterday. >> mitch mcconnell says allowing a default would destroy the republican brand. as there's no question the debt ceiling will be raised. speaking on laura ingram's radio show, he said it's largely a political move. >> just like we knew shutting down the government in 1995 was not going to work for us. it helped bill clinton get reele reelected. i refuse to help barack obama get reelected and we have co-ownership of a bad economy. >> i'm trying to figure out a way to say it. go ahead. >> let's go to steve rattner. have you met mitch mcconnell before? >> i have not. >> he's in an interesting position. he's the head of the republican party in the senate in the year of the tea party, 2010-2011. he's an establishment guy. i don't say that negatively. i think the republican party needs an establishment guy and women in there. this is the last 24-48 hours, i don't know what your
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